Sea Front Gastro Pub And Letting Rooms For Sale

Business description

The current owner is relocating due to family commitments and presents a reputable established business that has a great potential in our opinion of representing the ‘golfing’ fraternity that flock here year round as a base for a ‘golf society’ event hosting reception and accommodation as there are 9 courses in a 25k radius 3 of which are on the PGA circuit so par for the course.

Boasting a reputation for serving some of the best food in Hua Hin, this well kept seven year old Restaurant and Pub has developed a strong customer base, and enjoys repeat custom from expatriate residents, locals and tourists alike. Based in large premises measuring 600 square metres, the three storey business will have the option to expand in around 1 year when another 650 square metres of space will become available. At present monthly rent of 55,000 baht is payable for both the pub/restaurant and apartments on the floors above. A long lease contract is in place, and this can be extended on expiry. The payroll totals approximately 55,000 baht per month for seven full time employees. Valuable assets worth around 5,500,000 baht are included in the sale of this pub/restaurant and apartments. The property is nicely positioned in a beautiful area of the city, on the seafront, and benefits from having a large free car parking area for approximately 100 vehicles directly opposite. The interior of the pub/restaurant in very stylish; marble flooring and bench tops are augmented by hardwood bar tops and cast iron and teakwood tables. Around 70 patrons can be comfortably accommodated, and they can make use of a dart board, a pool table and five large flat screen televisions. The kitchen is fitted out to professional standards, and features a walk in chiller and freezer. The apartments are also stylish in the extreme, and benefit from impressive sea views, elevator access and large sun terraces. The entire property is air-conditioned throughout. Fully documented accounts will be made available for interested parties to scrutinise. THIS ENTIRE PACKAGE IS NEGOTIABLE.
The owners are not happy with the standard of secondary education that there children will be moving onto in the near future therefore feel the need to sell the business to relocate to an area with better schooling.
Short Video and photographs available on request.

Property information

Real Estate:

Lease

Lease terms:

Lease information on application

Living accommodation:

Large 2/3 bedroom apartment

Location:

Large sea front corner plot parking available

Other information

Expansion potential:

opportunities divulged on application

Competition / Market:

one other pub in this growing comunity

Support & training:

On application

Reasons for selling:

Re-location schooling for children

Trading hours:

8am till late 2am

Furniture / Fixtures value:

$145,000 (included in the asking price)

Inventory / Stock value:

$8,000 (included in the asking price)

Related documents:

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• 5th floor apartment terrace

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• Night shot

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• Harbour view